Civic Intelligence

Masconomet Regional Scholarship Foundation Inc

990 • Fiscal year 2014 • EIN 04-3237355

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 11, 2014

20 Endicott RoadBoxford, MA 01983-2013

(978) 887-2323

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.14x

Higher debt load relative to assets than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

0.92x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

59th percentile

5.9%

Higher net margin than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

66th percentile

7.9%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

51st percentile

3.9%

Faster revenue growth than 51% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,421,175

Up $104,215 (+7.9%) from 2013

Net Assets

Up

$1,228,855

Up $110,695 (+9.9%) from 2013

Liabilities

Down

$192,320

Down $6,480 (-3.3%) from 2013

Revenue

Up

$208,703

Up $7,916 (+3.9%) from 2013

Expenses

Down

$196,302

Down $5,166 (-2.6%) from 2013

Net Income

Up

$12,401

Up $13,082 (+1921%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,213,924Liabilities 2011: $193,550Net Assets 2011: $1,020,3742011Assets 2012: $1,246,617Liabilities 2012: $201,225Net Assets 2012: $1,045,3922012Assets 2013: $1,316,960Liabilities 2013: $198,800Net Assets 2013: $1,118,1602013Assets 2014: $1,421,175Liabilities 2014: $192,320Net Assets 2014: $1,228,8552014Assets 2015: $1,408,102Liabilities 2015: $218,249Net Assets 2015: $1,189,8532015Assets 2016: $1,327,991Liabilities 2016: $224,249Net Assets 2016: $1,103,7422016Assets 2017: $1,376,011Liabilities 2017: $208,780Net Assets 2017: $1,167,2312017Assets 2018: $1,425,222Liabilities 2018: $205,800Net Assets 2018: $1,219,4222018Assets 2019: $1,453,764Liabilities 2019: $207,800Net Assets 2019: $1,245,9642019Assets 2020: $1,483,480Liabilities 2020: $202,900Net Assets 2020: $1,280,5802020Assets 2021: $1,738,389Liabilities 2021: $195,900Net Assets 2021: $1,542,4892021Assets 2022: $1,509,400Liabilities 2022: $211,000Net Assets 2022: $1,298,4002022Assets 2023: $1,618,417Liabilities 2023: $227,300Net Assets 2023: $1,391,1172023Assets 2024: $1,850,631Liabilities 2024: $185,700Net Assets 2024: $1,664,9312024Assets 2025: $2,183,668Liabilities 2025: $241,634Net Assets 2025: $1,942,0342025

Highlighted filing

2014

Assets$1,421,175
Liabilities$192,320
Net Assets$1,228,855

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $201,4712011Expenses 2012: $200,1512012Revenue 2013: $200,787Expenses 2013: $201,468Net Income 2013: -$6812013Revenue 2014: $208,703Expenses 2014: $196,302Net Income 2014: $12,4012014Revenue 2015: $216,375Expenses 2015: $207,794Net Income 2015: $8,5812015Revenue 2016: $187,306Expenses 2016: $223,942Net Income 2016: -$36,6362016Revenue 2017: $207,015Expenses 2017: $212,809Net Income 2017: -$5,7942017Revenue 2018: $272,094Expenses 2018: $204,960Net Income 2018: $67,1342018Revenue 2019: $206,079Expenses 2019: $203,870Net Income 2019: $2,2092019Revenue 2020: $201,234Expenses 2020: $197,881Net Income 2020: $3,3532020Revenue 2021: $280,419Expenses 2021: $194,483Net Income 2021: $85,9362021Revenue 2022: $261,055Expenses 2022: $201,529Net Income 2022: $59,5262022Revenue 2023: $225,401Expenses 2023: $222,381Net Income 2023: $3,0202023Revenue 2024: $320,371Expenses 2024: $194,229Net Income 2024: $126,1422024Revenue 2025: $409,339Expenses 2025: $251,776Net Income 2025: $157,5632025

Highlighted filing

2014

Revenue$208,703
Expenses$196,302
Net Income$12,401
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 11, 2014
Return Version
2013v3.1
Gross Receipts
$234,690
Mission and Program Overview

Mission

Financial aid scholarships to resident students

Financial aid scholarships to resident students in the regional district who are graduates or potential graduates of masconomet regional high school and are accepted at a 4-year or 2-year college, technical institute, school of nursing or other education program beyond high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,164,908$1,237,975▲ $73,067
Savings and Temporary Cash Investments$80,387$107,338▲ $26,951
Pledges and Grants Receivable$51,050$58,100▲ $7,050
Cash and Non-Interest-Bearing Accounts$15,574$13,334▼ $2,240
Accounts Receivable$5,041$4,428▼ $613
Total Assets$1,316,960$1,421,175▲ $104,215
Liabilities
Grants Payable$196,400$189,320▼ $7,080
Accounts Payable and Accrued Expenses$2,400$3,000▲ $600
Total Liabilities$198,800$192,320▼ $6,480
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,101,805$1,209,679▲ $107,874
Unrestricted Net Assets$16,355$19,176▲ $2,821
Total Net Assets Fund Balance$1,118,160$1,228,855▲ $110,695
Total Liabilities and Net Assets / Fund Balance$1,316,960$1,421,175▲ $104,215

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,101,820$19,884▲ $171,210-$1,209,679
2012$1,029,024$31,535▲ $125,061-$1,101,820
2011$1,001,720$101,633▲ $1,067-$1,029,024
2010$921,760$20,185▲ $155,232-$1,001,720
2009$981,911$25,099▲ $74,885-$921,760
Compensation and Service Providers

Board Members and Trustees

NameTitle
Laurie HodgdonChairperson
Olga LangloisSecretary
Timothy F HaganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$120,560
Program Service Revenue
$0
Investment Income
$88,143
Other Revenue
$0
All Other Contributions
$120,560
Change in Net Assets
$12,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$180,570
Other Expenses$15,732
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$180,570--$180,570
Fees for Service Investment Mgmnt Fees$11,982$0$0$11,982
Fees for Services Accounting$0$3,000$0$3,000
Office Expenses$0$333$0$333
Insurance$0$313$0$313
Conferences and Meetings$104$0$0$104
Total Functional Expenses$192,656$3,646$0$196,302
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
04-3237355
Phone
9788872323

Signing Officer

Name
Timothy F Hagan
Title
Treasurer
Phone
9788872323
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy F Hagan
Formed
1994
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Preparer
Timothy F Hagan CPA
Phone
9788872220
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The treasurer reviews the form 990 prior to its filing

Pt VI, Line 12C

Conflict of interest policy is signed and any disclosures are resolved

Pt VI, Line 18

Form 990 is made available upon request

Pt VI, Line 19

Documents are made available upon request

Pt XI

Unrealized gain on investments

Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt012107
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0921760
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt020185
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01001720
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt083350
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0155232
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt069185
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0981911
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt025099
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0921760
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt090950
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt074885
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0180570
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL, POST-SECONDARY SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0249
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS A SCHEDULE OF SCHOLARSHIP FUNDS RECEIVED,
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1AS WELL AS A LISTING OF RECIPIENTS OF SCHOLARSHIP FUNDS AND THE SECONDARY
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2SCHOOLS ATTENDED. FREQUENTLY, SCHOLARSHIPS ARE REMITTED DIRECTLY TO THE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt3ADMISSIONS OFFICE OF THE COLLEGE AND THEREFORE FURTHER MONITORING OF THE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt4USE OF THE FUNDS IS COMPLETE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt I Line 2
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE FORM 990 PRIOR TO ITS FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS SIGNED AND ANY DISCLOSURES ARE RESOLVED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED GAIN ON INVESTMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01101805
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01209679
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01316960
IRS990/TotalAssetsEOYAmt01421175
IRS990/TotalAssetsGrp/BOYAmt01316960
IRS990/TotalAssetsGrp/EOYAmt01421175
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0120560
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03646
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0192656
IRS990/TotalFunctionalExpensesGrp/TotalAmt0196302
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0198800
IRS990/TotalLiabilitiesEOYAmt0192320
IRS990/TotalLiabilitiesGrp/BOYAmt0198800
IRS990/TotalLiabilitiesGrp/EOYAmt0192320
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01118160
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01228855
IRS990/TotalProgramServiceExpensesAmt0192656
IRS990/TotalRevenueGrp/ExclusionAmt088143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0208703
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01316960
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01421175
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016355
IRS990/UnrestrictedNetAssetsGrp/EOYAmt019176
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1015 MAIN STREET
IRS990/USAddress/City0TOPSFIELD
IRS990/USAddress/State0MA
IRS990/USAddress/ZIPCode001983
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY F HAGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09788872323
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10MASCONOMET REGIONAL SCHOLARSHIP FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MASC
ReturnHeader/Filer/EIN0043237355
ReturnHeader/Filer/PhoneNum09788872323
ReturnHeader/Filer/USAddress/AddressLine1020 ENDICOTT ROAD
ReturnHeader/Filer/USAddress/City0TOPSFIELD
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode0019832013
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BERNARD JOHNSON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1015 MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0TOPSFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode001983
ReturnHeader/PreparerPersonGrp/PhoneNum09788872220
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY F HAGAN CPA
ReturnHeader/ReturnTs02014-11-11T11:48:36-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.18$0.24$1.94$0.41$0.25$0.16
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.19$1.66$0.32$0.19$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.23$1.39$0.23$0.22$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.21$1.30$0.26$0.20$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.74$0.20$1.54$0.28$0.19$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.20$1.28$0.20$0.20$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.45$0.21$1.25$0.21$0.20$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.21$1.22$0.27$0.20$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.21$1.17$0.21$0.21$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.33$0.22$1.10$0.19$0.22$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.41$0.22$1.19$0.22$0.21$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.42$0.19$1.23$0.21$0.20$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.32$0.20$1.12$0.20$0.20$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.20$1.05$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.19$1.02$0.20
Peer Organizations

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